David Staveley Wiki

                                        David Staveley Biography

Who was David Staveley ?

David Staveley falsely claimed to be a co-owner of four large companies that needed almost $ 544,000 (£ 399,000) in support of a federal government program.

After being charged last year, Staveley committed suicide and fled using false identities and stolen license plates.

He is the first person accused of fraudulently seeking loans.

Prosecutors condemned his actions in his sentencing memorandum: “He saw the economic emergency created by the pandemic simply as an opportunity to enrich himself by taking for himself what was destined for those in need.”

Enacted between March 2020 and May 2021, the US Paycheck Protection Program (PPP) allowed small businesses affected by the pandemic to apply for low-interest private loans to cover payroll and other costs.

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Staveley, 54, and his accomplice David Andrew Butziger, 53, filed false applications as owners of three restaurants and an unincorporated business called Dock Wireless, all with “large monthly payrolls.”

In fact, all three restaurants had already closed and Dock Wireless had no employees. Neither of them had a stake in the property.wikipedia

According to the Justice Department, “a concerned citizen aware of his fraudulent nature” tipped off the police while the applications were still pending.

Arrested and Charged

Both men were arrested in May 2020 and Staveley was placed under house arrest after being charged.

Weeks later, he cut off his electronic monitoring device, left suicide notes with associates and family members, and parked his car without a key by the ocean, according to the justice department.

But those who knew him were unconvinced and federal investigators launched a manhunt between May and July 2020.

During those three months, Staveley is said to have used false documents, stolen license plates, and at least five different phone numbers to travel the country and escape authorities.

U.S. Marshals finally captured him north of Atlanta, Georgia, on July 23, 2020.

Staveley pleaded guilty in May to conspiracy to commit bank fraud and did not appear in court.

He will spend four and a half years in prison, followed by three years of supervised release.

Butziger has since pleaded guilty to conspiracy to commit bank fraud. He will be sentenced next month.

Source: wikisoon

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